Mangal Prabhat Lodha (born December 1955) is an Indian billionaire businessman and politician. He is the minister of the

Ministry of Skill Development and Entrepreneurship (Maharashtra) The Ministry of Skill Development and Entrepreneurship is a Ministry of Government of Maharashtra to coordinate all skill development,Employment and entrepreneurship efforts in Maharashtra. The Ministry is headed by Cabinet Minister Mangal Lodha ...

. He was the president of

Bharatiya Janata Party The Bharatiya Janata Party (BJP; , ) is a political party in India and one of the two major List of political parties in India, Indian political parties alongside the Indian National Congress. BJP emerged out from Syama Prasad Mukherjee's ...

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

unit. He is the founder of the Macrotech Developers, a

-based

real estate developer Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to other ...

. He is also the

Member of the Legislative Assembly A Member of the Legislative Assembly (MLA) is a representative elected to sit in a legislative assembly. The term most commonly refers to members of the legislature of a federated state or an autonomous region, but is also used for several nation ...

representing the Malabar Hill constituency of

South Mumbai South Mumbai, colloquially SoBo from South Bombay in Indian English, administratively the Mumbai City District, is the city centre and the southernmost precinct of Greater Bombay. It extends from Colaba to Mahalaxmi (Western side), Byculla ...

. According to

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

, as of June 2024 he was ranked as the 14th richest person in India, with a net worth of about US$13.5 Billion. In October 2024 Lodha was ranked 19th on Forbes list of India’s 100 richest tycoons, with a net worth of $11.4 billion.

Early life and education

Mangal Prabhat Lodha was born and brought up in a

Marwari Jain Rajasthan, a state in western India, has had a close historical connection with Jainism. Southwestern Rajasthan was the main centre for Śvetāmbara Jainism. Major Digambara centres are in the northern and eastern parts of Rajasthan. Central a ...

family in

Jodhpur Jodhpur () is the second-largest city of the north-western Indian state of Rajasthan, after its capital Jaipur. As of 2023, the city has a population of 1.83 million. It serves as the administrative headquarters of the Jodhpur district and ...

. His father Guman Mal Lodha was an independence activist and was former chief justice of the Guwahati High Court. He is married to Manju Lodha and has two children. Lodha completed his B.Com and

LLB A Bachelor of Laws (; LLB) is an undergraduate law degree offered in most common law countries as the primary law degree and serves as the first professional qualification for legal practitioners. This degree requires the study of core legal subje ...

from the University of Jodhpur and practised law in the Jodhpur High Court. Once his father was appointed a judge in the same court, he moved his practice. In 1981, he moved to

and laid the foundation of the

Lodha Group Lodha or Macrotech Developers (formerly known as Lodha Developers) is an Indian multinational real estate company and construction company headquartered in Mumbai, India. It was founded in 1980 by Mangal Prabhat Lodha. It has developed residenti ...

Career in real estate development

Lodha's firm, Macrotech Developers (erstwhile Lodha Developers), has multiple projects under construction, including the Mumbai luxury high-rise

World One World One is a , 76-floor skyscraper in Mumbai, Maharashtra, India. As of 2024, it is the second tallest completed building in India and the fourth tallest overall. It is on the site of the defunct Shrinivas Mill. The site also houses two ot ...

. The company invested over $1 billion in developing the township New Cuffe Parade. The company is run by his elder son, Abhishek Lodha. Lodha Developers' shares started trading on NSE ( National Stock Exchange) and BSE (

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with t ...

) on 19 April 2021. His younger son, Abhinandan Lodha founded Lodha Ventures in 2015 and The House of Abhinandan Lodha which was founded in 2021.

Political career

Lodha was an active member of the Akhil Bharatiya Vidhyarthi Parishad in his youth. Lodha has been the MLA of

Maharashtra Vidhan Sabha The Maharashtra Legislative Assembly (ISO: ''Mahārāṣṭra Vidhāna Sabhā'') is the lower house of the bicameral legislature of Maharashtra state in western India. It consists of 288 members directly elected from single-seat constituencie ...

, representing the

Malabar Hill Malabar Hill is amongst the most affluent residential areas in Mumbai. It is home to several business tycoons and film personalities. Muhammad Ali Jinnah, the founder of Pakistan, had built and lived in a bungalow, called South Court, in Malab ...

constituency for five consecutive terms since 1995, after beating the then incumbent Balwant Desai of the

Indian National Congress The Indian National Congress (INC), colloquially the Congress Party, or simply the Congress, is a political parties in India, political party in India with deep roots in most regions of India. Founded on 28 December 1885, it was the first mo ...

. As a legislator, Lodha played a role in the introduction of the

Right to Information Act Rights are legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules about what is allowed of people or owed to people according to some legal system, social convention, or ethical theor ...

(RTI) in the

. He helped set up the Animal Welfare Board in Maharashtra and has proposed a law against cow slaughter in the state. In 2014, he proposed the building of a coastal freeway from

Nariman Point Nariman Point is a prominent downtown area of Mumbai in Maharashtra, India. Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's Marine Drive, Nariman Point houses some of India's prestigious business headquarters. B ...

Virar Virar (Pronunciation: �iɾaːɾ is a coastal city in Palghar district, Maharashtra. The northern third of the city of Vasai-Virar, it is administered by Vasai-Virar Municipal Corporation. It lies to the south of Palghar district, and to t ...

and from Nariman Point to

Ghatkopar Ghatkopar (Pronunciation: �ʱaːʈkopəɾ is a suburb in eastern Mumbai, close to which, the City's International Airport is located. The area is located on the Western corner of the Western Ghats and marks the beginning of the Ghats from M ...

through Eastern Freeway.

References

External links

* {{DEFAULTSORT:Lodha, Mangal Prabhat 1955 births Living people People from Jodhpur 20th-century Indian lawyers Politicians from Mumbai Maharashtra MLAs 1995–1999 Maharashtra MLAs 1999–2004 Maharashtra MLAs 2004–2009 Maharashtra MLAs 2009–2014 Maharashtra MLAs 2014–2019 Maharashtra MLAs 2024–2029 Bharatiya Janata Party politicians from Maharashtra